I wish I could see it as two distinct houses; it would help if they were branded differently.This is relative though. On purseforum, it is not a status symbol to wear coach branding the same way it is if one wears LV mono. If I get the Riley, I get it knowing Chanel buyers will snicker at me. So it depends on the crowd.
I get what you are saying about Coach quality but I consider it two houses in one. So I separate out 1941 from outlet stuff. Not everyone really wants to do that though, I guess.